Ovata Capital Management Ltd cut its position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC – Free Report) by 80.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,460 shares of the company’s stock after selling 241,840 shares during the quarter. Grayscale Bitcoin Mini Trust makes up approximately 1.0% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 22nd largest holding. Ovata Capital Management Ltd owned about 18.60% of Grayscale Bitcoin Mini Trust worth $2,503,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust in the 3rd quarter worth $111,916,000. HighTower Advisors LLC acquired a new stake in Grayscale Bitcoin Mini Trust in the third quarter worth about $7,491,000. Proficio Capital Partners LLC boosted its holdings in Grayscale Bitcoin Mini Trust by 447.3% in the fourth quarter. Proficio Capital Partners LLC now owns 252,394 shares of the company’s stock worth $10,568,000 after acquiring an additional 206,282 shares in the last quarter. Beaumont Financial Advisors LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter valued at about $5,047,000. Finally, JW Asset Management LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter valued at about $4,480,000.
Grayscale Bitcoin Mini Trust Trading Up 2.5 %
BTC stock opened at $37.21 on Friday. Grayscale Bitcoin Mini Trust has a 52 week low of $22.00 and a 52 week high of $48.07. The firm has a 50 day moving average of $40.10 and a 200 day moving average of $38.34.
About Grayscale Bitcoin Mini Trust
The Grayscale Bitcoin Mini Trust ETF (BTC) is an exchange-traded fund that is based on the CoinDesk Bitcoin Cash Price index. The fund is passively managed, offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities. An investment in the fund is not a direct investment in Bitcoin.
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